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has a new video sage here for kalkine media today's topic is why are social media platforms
exploring blockchain technology let's find out its growing popularity blockchain technology is
showing no signs of abatement though it started from cryptocurrencies blockchain technology has
proved its mettle in other spheres as well with the latest edition being social media one might
doubt the effective use of blockchain technology to benefit social media platforms but when delve
deeper this technology provides individuals with greater privacy when using internet-based
technology is twitter building a dedicated crypto team twitter the microblogging site has officially
announced launching a new division known as twitter crypto the team would work on exploring
crypto payments nft tooling as well as social media decentralization and here it is pointed
out that twitter is not the only social platform exploring its possibilities about integrating
blockchain technology while discord's top boss jason citron has hinted at working with well-known
crypto wallet service metamask reddit on the other hand is recruiting specialists for an nft platform
how does blockchain technology contribute to social media there are many advantages
one can derive while integrating this new age technology with social media with the
increasing prominence of various social media platforms anything can go viral
and can be easily circulated hence fake pieces of news need to be constantly checked upon
and blockchain technology comes handy as it is capable of resolving issues related to
data verification and here developers authenticate every piece of information
with d apps or decentralized applications furthermore when any viral content is created
by an individual he or she is much more likely to get compensation for the same and this technology
serves as an immutable public digital ledger hence any transaction recorded on a blockchain
cannot be altered by anyone except the user who controls their data it is a safe and secure medium
as it is backed by a robust encryption feature and prevents fraud stirs by making use of this
technology users can charge a fee from advertisers when their information is being used and shared by
them so moreover crowdfunding raises money for charities and much more which are increasingly
happening on social media platforms they are easily enabled by blockchain technology with this
people can easily track contracts verify users and accept payments with ease
the bottom line if incorporated effectively and efficiently blockchain technology can
tremendously improve the working of social media platforms and thanks to your company
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